“Desktop software maker Corel is warning investors that it is
running low on cash.”
“In a filing with the Securities and Exchange Commission on
Friday, Corel repeated warnings first issued a month ago that
losses in the last quarter will likely be repeated over the next
six months, and the company is examining its cost structure.”
“For the first time, Corel outlined the potential consequences
of its problems. “If the proposed merger does not occur, other
sources of financing are not secured and/or Corel’s operating
results do not improve, a cash deficiency may occur within the next
three months,” the company stated in the filing.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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